European Markets Close Lower On Coronavirus Concerns

(RTTNews) - European stocks ended lower on Friday amid rising concerns about the coronavirus outbreak after reports said the number of infections due to the virus has risen outside of China.

Comments from China's commerce ministry that exports and imports in the month of January and February have been hit by the epidemic contributed as well to the weakness in European markets.

Chinese officials reported 1,109 new confirmed cases of the coronavirus, up sharply from 349 cases the previous day. Meanwhile, South Korean health authorities also reported 52 new cases of the fast-spreading disease, raising the national tally to 156, while the number of confirmed cases in Japan increased by 23 to 728.

The pan European Stoxx 600 ended down 0.49%. Among the major indices in Europe, the U.K.'s FTSE 100 declined 0.44%, Germany's DAX closed lower by 0.62% and France's CAC 40 slid 0.54%, while Switzerland's SMI declined 0.39%.

Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Finland, Greece, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain and Sweden ended with sharp to moderate losses.
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